POLITICAL DEVELOPMENTS AFFECTED EXCHANGE RATE IN ARMENIA - EXPERT

news.am
May 31, 2012 | 01:54

YEREVAN. - The rapid weakening of the Armenian national currency
is due to the great demand for the US dollar, executive director
of 'Armenbrok' investment company Aram Kayfajyan told Armenian
News-NEWS.am.

"The great demand for the dollar is connected with the recent
political developments. When it became clear that the political
situation is calm, the rate began to change in accordance with the
laws of the market, but it came out that there is a large demand
for the dollar. Then the central bank made several deals to sell the
currency, which maintained the exchange rate," he said.